Types of FERS Retirement
What is the difference between an Immediate Retirement and an Early Retirement? Let’s first define what an Immediate Retirement is, and what you need to
Special Retirement Supplement
What is the Special Retirement Supplement? FERS consists of 3 different components: the FERS annuity (pension), Social Security, and the Thrift Savings Plan (TSP). The
Minimum Retirement Age (MRA)
What is my Minimum Retirement Age (MRA)? Your MRA is what FERS uses to determine when a person is eligible to receive their annuity, or
Military Buyback Program
What is the Military Buyback Program? The Military Buyback Program is a program for veterans to retroactively “buy back” their time spent in the military
How to apply for FERS Supplement
Where do I apply? You’ve finally decided it’s time to retire. Maybe this day came sooner than expected, or maybe it couldn’t come soon enough.
FERS Supplement
Once your FERS Supplement ends, should you take Social Security benefits? This really comes down to a case by case basis. As you probably know
FERS MRA
What is MRA? Minimum Retirement Age is a threshold that was created for FERS and CSRS to determine a federal employee’s eligibility for retirement. Depending
FERS Contributions
What is my FERS contribution? Depending on your start date, your contribution will be either be 0.8%, 3.1%, or 4.4% to FERS. The chart below
FERS Benefit Formula
How is my benefit calculated? In order to calculate your FERS pension, you will need to know your creditable years of service as well as
FERS Basic Benefit Plan
What is the FERS Basic Benefit Plan? As a Federal Employee, your retirement consists of three components: your Basic Benefit (also called your annuity or
Ep #19: Phase of Retirement – 5 Years Out From Retirement
When we consider retirement, most of us think about this chapter in our lives as a positive time—and it can be, as long as
Social Security Strategies
“I have two questions about social security. I am 61 and my wife is 58. Let’s say my wife files for social security at age
